No more fairy god mother for US Banks

[Ngck]

http://money.cnn.com/2008/09/29/news/econo...sion=2008092914

 

US market already lau sai liao... tomorrow is a hard day for speculators

[Ngck]

DOW

748.21 -6.71% 10,394.92

 

NASDAQ

199.61 -9.14% 1,983.73

 

S&P 500 103.00 -8.49% 1,110.27

 

i can't believe what i am seeing

 

THE BIGGEST DROP IN HISTORY OF MANKIND!!!

 

And it's still dropping!!!

Edited September 29, 2008 by Ngck

[Sfhuang]

This is not the time to gamble, oops, speculate - with your hard-earned cash.

[Scion]

not the biggest %tage drop though...

 

biggest was in 1987, think 26% drop...

[Nhyone]

It's the end of the world!

Edited September 30, 2008 by nhyone

[Freestylers09]

lets go buy something later...

[Redplanet]

Yes indeed....a good time to buy.

[Mzrmazda3]

Many will get burnt jialat jialat ...

[Schneider79]

After this... the rich asians and middle easterns will buy houses in US. Now drop like lau sai then 5-7 years later can recover and make good money liao.

[Roborovskii]

lau sai flows. sh1t drops.

Edited September 30, 2008 by Roborovskii

[David]

They ask for 700, they get 700.

[Ngck]

well said.

 

Greedy ppl get their retribution.

[Ngck]

lets go buy something later...

 

 

not now lah.. still can wait....

 

Without this 700B, more banks will die and prices will go even lower

 

i'm sure they did not pluck the 700B figure from air. 700B reflects the seriousness of the problem and the actual situation.

 

we are only at the middle of the crisis i think... but i'm no expert.

Edited September 30, 2008 by Ngck

[Freestylers09]

queue and kio abit.. some cant get..queue too low now up abt back liao -.-

[Ngck]

good luck to you lor, fast in fast out is the safest i think if you are just out to make kopi money

 

market now is emotion over logic.

[Genie47]

You do not want this to happen.

 

Your retirement fund be it CPF or some pension is dependant on the banks surviving this crisis. Those people asking for their gahment not to help their banks do not know squat about the whole situation. If the banks hold back on lending money for businesses, your job, my job, our retirement accounts are in trouble.

[Freestylers09]

not really that bad after all..at least qi shi wei shen ..red turn green still the best

si bei kan jiong

[Ngck]

but thats the current situation now and we are really helpless as america voted NO.

700B might just be the final straw that breaks america's back. Too much debt.

 

 

So have to see what their goverment do next.

 

but i do agree with what those financial articles says. It's a whole new era for banking. Goverment saves the bank and absorb it into goverment property.

 

Go back to the day when goverment own POSB and everybody is happy. No more ridiculous bonuses for bank employees. they are earning far too much by playing with other people's money.